{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-establishes-a-bullish-reversal\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-establishes-a-bullish-reversal\/","headline":"EURUSD Establishes a Bullish Reversal","name":"EURUSD Establishes a Bullish Reversal","description":"Market Analysis: EURUSD Witnessed a Successful Bullish Breakout EURUSD bulls have seized market control with a breakout from a falling wedge on the daily timeframe. The upward direction has been further confirmed with the break of the last supply zone of 1.0890. EURUSD Key Levels Demand Levels:1.0640, 1.0600, 1.0500Supply Levels: 1.0850, 1.0969, 1.1030 EURUSD’s bearish […]","datePublished":"2024-05-21","dateModified":"2024-05-21","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/05\/photo_2024-05-18_16-38-53.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/05\/photo_2024-05-18_16-38-53.jpg","height":567,"width":1280},"url":"https:\/\/forexschoolonline.com\/eurusd-establishes-a-bullish-reversal\/","about":["charts","EUR\/USD","Forex","Forex Strategies","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance","Technical Analysis","Trade Idea","Trade Setups","Trading","Trading strategy"],"wordCount":250,"keywords":["Daily Chart","EURUSD","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Price Chart","Technical Analysis","trading"],"articleBody":"Market Analysis: EURUSD Witnessed a Successful Bullish BreakoutEURUSD bulls have seized market control with a breakout from a falling wedge on the daily timeframe. The upward direction has been further confirmed with the break of the last supply zone of 1.0890.EURUSD Key LevelsDemand Levels:1.0640, 1.0600, 1.0500Supply Levels: 1.0850, 1.0969, 1.1030EURUSD’s bearish trend set in at the beginning of the year. A swing high formed at 1.1100 just before the price sank below the bullish order blocks on the daily chart. The Hull Butterfly Indicator signaled a downward trend with its negative reading and a transformation of its hue from green to red. The downward trend was very rough as the market structure’s highs and lows weren’t orderly. The use of trendlines on the major lows and highs formed a bearish wedge chart pattern. Earlier this month, the market revealed the first sign of an uptrend with the rise of the daily candles above the Williams Alligator. The Hull Butterfly Indicator also turned green with its reading above zero. The price ascent defied the bullish channel with a bullish breakout.Market AnticipationFinally, the price has ascended beyond the point of invalidation at 1.0890. The break of the supply zone has established a certainty of the market direction. The bulls are expected to seek the next resistance level of 1.0960Note:\u00a0Forexschoolonline.com\u00a0is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results"}